（来源：经济日报） 低空文旅专委会主任、北京交通大学交通运输学院航空运输与系统工程系副主任刘志硕代表课题组发布了《中国低空文旅产业发展研究报告》。低空文旅 包含四大核心业态即观光游览类、运动体验类、文化创新类和研学科普类。 广州亿航智能技术有限公司副总裁张宏表示，新型航空器将为文旅产业带来三大变革。一是推动从平面观光向立体观光转化；二是重构产业范式，实现景 区内部的高频次、低风险运行；三是结合夜经济进行"空中造景"。相比于城市交通，低空文旅是目前eVTOL商业化落地最快、价值体现最直接的场景。 日前，由文化科技创新服务联盟主办，中国电信股份有限公司广东分公司、中国联合网络通信有限公司广东省分公司共同承办的2025粤港澳大湾区低空经 济高质量发展大会平行专题报告会——低空文旅产业发展趋势报告会在广州举行。 广州市发展改革委副主任杨晓艳表示，广州具备发展低空经济的天然优势，正在围绕"造出来"和"飞起来"两个维度开展工作。广州在打造低空航空器全产 品矩阵的同时，全力建设飞行服务平台等软基础设施，规划到2030年建成10个低空起降基地、100个起降场与1000个起降点的低空起降设施体系，促进低 空产业上下游集聚。 文 ...

为广州市发展改革委副主任杨晓艳致辞 广州市发展改革委副主任杨晓艳表示，广州是汽车制造之城，低空经济产业链与汽车产业重合率高，广 州发展低空经济具备扎实基础和优势。她介绍，广州从"造出来、飞出来"两个维度推动低空经济发展， 持续推动整机制造、飞行服务平台、智能网联系统建设，计划到2030年建成10个低空起降基地、100个 起降场、1000个起降点，确保低空飞起来、飞得好。未来，广州将全力夯实低空经济产业基础、积极拓 展"低空+应急、城市治理、文旅等"新场景，并深化区域协同，为构建世界级低空旅游目的地贡献广州 力量。 为系统推进低空与文旅深度融合，会议期间正式成立了"文化科技创新服务联盟低空文旅产业专业委员 会暨创新联合体"。该联合体由文化科技创新服务联盟发起，联合北京交通大学、浙江清华长三角研究 院以及亿航智能、万丰航空、大漠大智控、汇天航空航天、千寻位置、广东联通等产业链代表性企业与 机构共同组建。专委会将以标准化建设为引领，整合"低空+文旅"全产业链资源，推动从技术研发、基 础设施到场景应用的全链条创新与合作，助力产业从探索迈向标杆引领。 新华财经广州12月25日电（记者刘玉龙）为积极响应国家关于推动文旅产 ...

12月19日，巴蜀低空文旅走廊第二站——"川渝石窟寺国家遗址公园试飞暨低空区域协同发展活动"在四 川省资阳市安岳县启动。此次试飞突破行政边界，是川渝首条跨省（直辖市）域低空文旅航线。 此次试飞聚焦"川渝石窟寺"景区串联，完成了首次跨省（直辖市）域低空文旅航线试飞，也标志着川渝 低空合作从单点单线探索，正式迈向机制化构建、协同化运行、场景化运营的立体推进新阶段。在今年 10月，"巴蜀低空文旅走廊"首站试飞成功。 12月19日下午，沃飞长空运营的直升机从资阳市安岳县的石窟数展中心起飞，约15分钟后抵达重庆市大 足区的大足石刻景区，较地面驾车节省近1小时的时间。航程途径毗卢洞、茗山寺等核心石窟群，成功 验证了"低空景区直达"与"空中观光"的可行性。 在当天的活动上，川渝两地还联合发布《北线、中线、南线三条川渝低空大通道规划》。据了解，这三 条贯穿川渝、连接重要经济节点、文化旅游资源与产业集聚区的空中走廊，将极大提升区域间人员往 来、应急救援的效率，将有力带动通用航空制造、运营服务、文旅休闲等全产业链的聚集与发展。 沃飞长空还公布了后续试飞计划，除石窟寺文化线外，还将陆续开通多条巴蜀文旅体验航线，形成多元 主题的低空 ...

本报讯（四川日报全媒体记者 华小峰）12月19日，川渝石窟寺国家遗址公园试飞暨低空区域协同发展活动在四川 安岳和重庆大足举行，标志着川渝首条跨省域石窟主题低空文旅航线正式试飞。 活动现场，川渝两地还签署跨省低空飞行协同管理工作机制，发布3条低空大通道规划，为后续常态化运营奠定基 础。这条创新航线不仅解锁了石窟游新玩法，更推动川渝低空文旅合作迈入机制化协同新阶段，为区域文旅融合 注入新动能。 作为"巴蜀低空文旅走廊试飞活动"第二站，此次活动由川渝两地多部门指导，川观新闻与沃飞长空联合主办。直 升机从安岳石窟数展中心起飞，15分钟即可抵达大足石刻，较地面自驾节省近1小时，沿途串联毗卢洞、茗山寺等 核心石窟群，实现"低空直达+空中观光"双重体验。 ...

后续，川渝将依托试飞经验与数据优化航线网络、完善运营机制。随着沃飞长空AE200系列机型取证量 产，低空交通网络重塑区域文旅格局正加速到来。 寺国家遗址公园"航线试飞启动仪式现场。记者 刘忠俊 摄 中新网资阳12月19日电(记者 刘忠俊)12月19日，"川渝低空区域协同发展活动"在四川资阳市安岳县举 行，现场完成"川渝石窟寺国家遗址公园"航线试飞，这是川渝首条跨省(直辖市)域低空文旅航线。 川渝两地签署《川渝地区跨省低空飞行协同管理工作机制(试行)》现场。记者 刘忠俊 摄 活动现场，四川省委军民融合办与重庆市委军民融合办签署《川渝地区跨省低空飞行协同管理工作机制 (试行)》，并联合民航西南地区管理局发布《川渝低空大通道计划(北线、中线、南线)》，为全国低空 文旅跨省合作提供了制度性范例，标志着川渝低空文旅合作从"单点试点"迈向"制度保障"阶段。 根据签署的《川渝地区跨省低空飞行协同管理工作机制(试行)》，两地将探索构建"审批一体化、管理 协同化、空域网格化、服务标准化"的低空空域协同运行机制，实现跨省低空飞行审批便捷化、安全高 效化；发布的《川渝低空大通道计划(北线、中线、南线)》，则绘就了未来川渝低空互联互 ...

Core Viewpoint - The low-altitude economy is an emerging comprehensive economic form that utilizes low-altitude airspace for various activities, including general aviation, drones, and light aircraft, and is recognized as a strategic emerging industry crucial for modern industrial restructuring and national development [1] Policy Support and Regional Coordination - Yangzhou, as a central city in the Yangtze River Delta, is focusing on building an internationally renowned cultural tourism destination, with the aviation industry being a key support for the low-altitude economy [2] - The "613 industrial system" in Yangzhou includes six major industry clusters and thirteen emerging industry chains, with aviation prioritized as the leading sector [2] - Structural contradictions in Yangzhou's low-altitude tourism industry, such as lack of cross-departmental policy coordination and talent shortages, hinder high-quality development and require systematic reforms [2] Comprehensive Policy Support System - Establishing a complete policy support system and technical standards for the low-altitude economy is essential, including a low-altitude big data management service platform and clear responsibilities for air traffic management and tourism departments [3] - Financial support mechanisms, such as a special fund for low-altitude tourism, are proposed to encourage innovative business models and projects [3] - Safety must be integrated throughout the planning and operational processes to ensure the sustainable development of the low-altitude tourism industry [3] Innovative Integration for Unique Branding - The integration of low-altitude tourism products with various sectors, such as cultural creativity and health, is vital for creating a new industrial ecosystem [4] - Successful examples include projects that combine drone technology with cultural performances and augmented reality experiences, enhancing visitor engagement [4] - Yangzhou can leverage its natural resources and cultural heritage to develop unique low-altitude tourism experiences, creating a distinctive brand [4] Talent Development and Support - Talent is crucial for the development of the low-altitude economy, and Yangzhou should build a multi-level talent training system in collaboration with higher education institutions [5] - Educational programs focusing on low-altitude technology and tourism should be established to support the entire industry chain from research to operation [5][6] - A standardized talent evaluation mechanism and vocational training programs are necessary to enhance skills and adaptability in the low-altitude tourism sector [6] Strategic Importance of Low-Altitude Tourism - Low-altitude tourism represents a new business model that merges low-altitude technology with cultural tourism, addressing the growing consumer demand for innovative experiences [6] - Yangzhou's efforts to develop a distinctive low-altitude tourism model can stimulate cultural consumption and upgrade the tourism industry [6]

Core Viewpoint - The company is actively advancing its eVTOL (electric Vertical Take-Off and Landing) OC certification work and has conducted low-altitude flights in various locations, indicating a commitment to innovation in the tourism sector [2]. Group 1 - The company has been conducting low-altitude flights in multiple locations, including Guangdong Danxia Mountain, Anhui Qiyun Mountain, Hefei Flower World, and Sichuan Wenchuan [2]. - The company is focused on promoting OC certification and is continuously monitoring industry trends [2]. - The company is exploring more innovative applications and regular commercial operations of "low-altitude +" in tourism scenarios [2].

Investment Rating - The report maintains a "Buy" investment rating for the company [1][7]. Core Insights - The company has demonstrated steady revenue growth, with a total revenue of 500 million yuan in H1 2025, representing a 35% year-on-year increase, and a net profit of 92 million yuan, up 54% year-on-year [4][5]. - The company is focusing on enhancing its core business while diversifying its operations, particularly in cultural tourism and low-altitude economy sectors, which are expected to drive future growth [5][6]. Financial Performance - In Q2 2025, the company's gross margin increased by 4 percentage points to 51.84%, attributed to improved cost control and efficiency [5]. - The net profit margin rose by 1 percentage point to 23.12%, indicating effective management of expenses [5]. - The company forecasts significant growth in earnings per share (EPS), estimating 0.33 yuan for 2025, 0.39 yuan for 2026, and 0.46 yuan for 2027, with corresponding price-to-earnings (PE) ratios of 26, 21, and 18 times [7][10]. Business Segments - The tourism segment showed strong performance, with revenue growth of 76% for Mangshan Wuzhifeng, 37% for Danxia Mountain, and 33% for Qiyun Mountain in H1 2025 [6]. - The company is advancing its integrated investment and operation strategy, enhancing marketing efforts through social media and video platforms [6]. - The low-altitude economy is being strategically developed through partnerships with various technology firms, aiming to expand the company's service offerings [6]. Future Projections - The company anticipates a robust increase in main business revenue, projecting 1.358 billion yuan for 2025, a growth rate of 57.2% [10]. - The net profit is expected to reach 347 million yuan in 2025, reflecting a significant recovery from a decline in 2024 [10]. - The return on equity (ROE) is projected to improve from 4.8% in 2024 to 10.2% in 2025, indicating enhanced profitability [10].

Group 1 - The "2025 IPX World Cultural Tourism Flow Conference" was held in Shenzhen, featuring over 1,000 popular IPs and 380 participating companies from 21 countries and regions, with an exhibition area of 15,000 square meters [1] - The event is expected to attract over 35,000 professional visitors, showcasing the global trend of deep integration between IP licensing, creative design, and the cultural tourism industry [1] - The main forum focused on "Intelligent Observation of the World: New Chapter in Cultural Tourism," with experts discussing how cultural IP can reshape urban dialogue through technology [2] Group 2 - The conference included the 12th Shenzhen International IP Licensing Industry Expo and the 3rd Shenzhen International Cultural and Creative Exhibition & Trendy Toy Exhibition, featuring over 30,000 exhibits across the entire industry chain [2] - Topics covered included IP licensing, cultural derivatives, intangible cultural heritage activation, digital cultural tourism, and trendy art, creating a cross-industry aggregation effect [2] - Representatives from various companies discussed the digital transformation of cultural tourism and emerging sectors like low-altitude cultural tourism [2]

Core Insights - The low-altitude economy is rapidly reshaping the tourism industry, driving modernization and innovation in tourism consumption scenarios, particularly in Hainan, which is actively cultivating the "low-altitude + tourism" new business model [1][12] - Hainan's unique natural conditions, free trade port policies, and forward-looking industrial layout are accelerating the construction of a comprehensive low-altitude economic ecosystem [1][12] Group 1: Industry Development - Hainan has become a pilot province for nationwide low-altitude airspace management reform, leveraging its geographical advantages to develop low-altitude tourism projects, including skydiving and aerial sightseeing [2][3] - The average annual growth rate of visitors to low-altitude tourism projects in Hainan is approximately 20%, indicating a strong market demand [2] - The low-altitude tourism market in Hainan is expected to reach a scale of 70 billion yuan by 2023, with plans to exceed 300 billion yuan by 2026 [12] Group 2: Policy Support - Hainan has implemented various supportive policies, including the "Three-Year Action Plan for Low-Altitude Economic Development (2024-2026)," which aims to establish nine general airports and over 500 low-altitude takeoff and landing sites by 2026 [8][10] - The province has opened 46% of its airspace for trial flights, significantly reducing operational costs for low-altitude tourism businesses [2][10] - The establishment of a low-altitude air route network is enhancing airspace utilization efficiency and facilitating commercial operations in the low-altitude tourism sector [9][10] Group 3: Technological Innovation - Technological advancements are crucial for the high-quality development of low-altitude tourism, with applications expanding into areas such as digital inspections and real-time monitoring of tourist flows [6][7] - The integration of drones in tourism management is enhancing safety and operational efficiency in popular tourist areas [7][12] - The use of drones for logistics has demonstrated significant time savings, exemplified by a recent cross-strait delivery that reduced transport time by five hours compared to traditional methods [8][12] Group 4: Market Opportunities - The low-altitude tourism sector is diversifying, with new offerings such as water sports, aerial performances, and digital tourism experiences gaining popularity among visitors [4][5] - Hainan's low-altitude tourism is becoming a new economic growth point, with increasing participation from tourists and a variety of new business models emerging [5][12] - The province is positioned to become a hub for low-altitude equipment import and export, further enhancing its market potential [12][13]